NEOS Investment Management LLC Boosts Holdings in Ross Stores, Inc. $ROST

NEOS Investment Management LLC lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 66.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,910 shares of the apparel retailer’s stock after buying an additional 58,000 shares during the quarter. NEOS Investment Management LLC’s holdings in Ross Stores were worth $22,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Aspect Partners LLC grew its holdings in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust purchased a new stake in Ross Stores in the third quarter worth $26,000. Grey Fox Wealth Advisors LLC bought a new position in Ross Stores in the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ross Stores during the second quarter valued at $38,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

ROST stock opened at $198.21 on Wednesday. The stock’s 50 day simple moving average is $187.49 and its 200 day simple moving average is $167.03. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $198.98. The stock has a market capitalization of $64.11 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.20. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. As a group, research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird set a $200.00 price target on shares of Ross Stores in a research note on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $205.00 target price on shares of Ross Stores in a research note on Monday, December 1st. UBS Group boosted their price target on Ross Stores from $181.00 to $199.00 and gave the stock a “neutral” rating in a research report on Tuesday. Erste Group Bank started coverage on Ross Stores in a research report on Friday, October 31st. They set a “buy” rating for the company. Finally, Guggenheim raised Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.94.

Ross Stores Company Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.